Last $72.34 USD
Change Today -0.09 / -0.12%
Volume 725.2K
As of 4:15 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

taubman centers inc (TCO) Snapshot

Open
$72.34
Previous Close
$72.43
Day High
$72.71
Day Low
$71.70
52 Week High
01/23/15 - $85.26
52 Week Low
03/20/14 - $63.42
Market Cap
4.6B
Average Volume 10 Days
991.1K
EPS TTM
$13.52
Shares Outstanding
63.3M
EX-Date
12/11/14
P/E TM
5.4x
Dividend
$2.16
Dividend Yield
9.55%
Current Stock Chart for TAUBMAN CENTERS INC (TCO)

taubman centers inc (TCO) Related Businessweek News

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taubman centers inc (TCO) Details

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner’s interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. As of August 23, 2007, it owned and/or managed 23 urban and suburban shopping centers in 11 states the United States. These centers are located in metropolitan areas, including New York City, Los Angeles, San Francisco, Denver, Detroit, Phoenix, Miami, Dallas, Tampa, Orlando, and Washington, D.C. The operating partnership also owns certain regional retail shopping center development projects, as well as approximately 99% of The Taubman Company LLC, which manages the shopping centers and provides other services to the operating partnership and to the company. Taubman Centers qualifies as a REIT under the Internal Revenue Code. As a REIT, the company would not be subjected to federal income tax to the extent it distributes at least 90% of its taxable income to its shareholders. Taubman Centers was founded in 1950 by A. Alfred Taubman and is headquartered in Bloomfield Hills, Michigan.

Founded in 1950

taubman centers inc (TCO) Top Compensated Officers

Chief Executive Officer, President, Chairman,...
Total Annual Compensation: $875.5K
Vice Chairman, Chief Financial Officer, Chief...
Total Annual Compensation: $616.0K
Chief Operating Officer and Director
Total Annual Compensation: $586.7K
President of Taubman Asia Management Limited
Total Annual Compensation: $1.3M
Senior Vice President of Leasing - Taubman Co...
Total Annual Compensation: $411.1K
Compensation as of Fiscal Year 2013.

taubman centers inc (TCO) Key Developments

Taubman Centers Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year Ending December 31, 2015

Taubman Centers Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $656,274,000 and net income attributable to company common shareowners of $439,706,000 or $6.86 per diluted share against net income of $66,166,000 and net income attributable to company common shareowners of $39,834,000 or $0.62 per diluted share for the same period a year ago. Funds from operations was $48,967,000 and funds from operations attributable to TCO was $34,938,000 or $0.54 per diluted share against funds from operations was $100,614,000 and funds from operations attributable to TCO was $71,970,000 or $1.11 per diluted share for the same period a year ago. Adjusted funds from operations was $90,087,000 and adjusted funds from operations attributable to TCO was $64,374,000 or $1.00 per diluted share against adjusted funds from operations of $100,614,000 and adjusted funds from operations attributable to TCO was $71,970,000 or $1.11 per diluted share for the same period a year ago. Total revenues were $158,322,000 against $211,772,000 a year ago. For the full year, the company reported net income of $1,278,122,000 and net income attributable to company common shareowners of $863,857,000 or $13.47 per diluted share against net income of $189,368,000 and net income attributable to company common shareowners of $109,908,000 or $1.71 per diluted share for the same period a year ago. Funds from operations was $280,504,000 and funds from operations attributable to TCO was $200,356,000 or $3.11 per diluted share against funds from operations of $330,836,000 and funds from operations attributable to TCO was $236,662,000 or $3.65 per diluted share for the same period a year ago. Adjusted funds from operations was $330,842,000 and adjusted funds from operations attributable to TCO was $236,389,000 or $3.67 per diluted share against adjusted funds from operations of $330,836,000 and adjusted funds from operations attributable to TCO was $236,662,000 or $3.65 per diluted share for the same period a year ago. Total revenues were $679,129,000 against $767,154,000 a year ago The company provided earnings guidance for the full year ending December 31, 2015. The company expects FFO per diluted share to be in the range of $3.18 to $3.28. Net income allocable to common shareholders (EPS) for the year is expected to be in the range of $1.59 to $1.74. This includes the year-over-year negative impact of the company’s October 2014 sale of seven centers to starwood.

Taubman Centers, Inc. to Report Q4, 2014 Results on Feb 12, 2015

Taubman Centers, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 12, 2015

Taubman Centers, Inc., Q4 2014 Earnings Call, Feb 13, 2015

Taubman Centers, Inc., Q4 2014 Earnings Call, Feb 13, 2015

 

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